...INTRODUCTION: This case is about cultural management and organizational structure and control. It reveals the challenges faced by Western managers in telling Eastern managers the need to improve their performance. The Firm is a consulting firm with locations all over the world. It provides a range of business advisory services including taxation and accounting audits and recovery and management consulting. Mr. Alfonso Farquar was recruited by the Firm to conduct a review of the performance of some of the Firm’s Asian practices. After review of this case there are many problems related to cross-cultural management and organizational structure and control. Had the Firm researched these cultural differences Farquar could have approached the review with more knowledge and the project could have been supported. ANALYSIS: In reviewing this case numerous problems are revealed; cross-cultural management and organizational structure and control. Alfonso Farquar was recruited by Mr. David Mossman to travel to Taiwan and India to review their practices and find reasons for their slow market growth. He was advised to transfer a “best practice” approach to Business development to the Asian practices. After completing his evaluations of the Asian practices he was to report his findings to Mr. Honeysuckle. Although Farquar had never traveled overseas, never met any of these executives and was excited about the opportunity, he failed to understand the cross-cultural differences...
Words: 2073 - Pages: 9
............................................................................... 2 Prerequisite Courses for the PA1 Examination .................................................................................................. 3 Competency Weightings ....................................................................................................................................... 3 Structure of the Examination ................................................................................................................................ 5 Examination Competency Coverage ..................................................................................................................... 6 Scoring Model and Evaluation of Candidate Performance ................................................................................... 6 ©CGA-Canada, 2014 1 CGA-Canada PA1 Examination Blueprint 2014/2015 PA1: Issues in Professional Practice Examination Blueprint About the Examination Blueprint The PA1: Issues in Professional Practice examination has been constructed using an examination blueprint — a widely...
Words: 4745 - Pages: 19
.................................................................................... 2 Prerequisite Courses for the PA2 Examination .................................................................................................. 3 Competency Weightings ....................................................................................................................................... 3 Structure of the Examination ................................................................................................................................ 5 Examination Competency Coverage ..................................................................................................................... 6 Scoring Model and Evaluation of Candidate Performance ................................................................................... 6 ©CGA-Canada, 2011 1 CGA-Canada PA2 Examination Blueprint 2011/2012 PA2: Strategic Financial Management Examination Blueprint 2010/2011 About the Examination Blueprint The PA2: Strategic Financial Management examination has been constructed using an examination blueprint — a widely accepted tool used...
Words: 4762 - Pages: 20
...38 International Journal of Accounting and Taxation, Vol. 1 No. 1, December 2013 Budgetary Control as a Measure of Financial Performance of State Corporations in Kenya Kenneth Odour Adongo1 Ambrose Jagongo PhD, MKIM2 Abstract The importance of financial stability in enabling an organization to function efficiently and maximize the potential for service delivery cannot be underestimated. The quest for better service delivery under new public management in public organizations in Kenya necessitates the need for public organizations to have proper financial standing in order to run operations and motivate workers through better remuneration as well as improved working conditions. Critique of literature on factors affecting financial performance reveal that gaps remain on the influence of budgetary control on financial performance of public institutions. This study sought to investigate the relationship between budgetary controls and financial performance of state corporations in Kenya. The study sought to determine the salient features of budgetary controls in state corporations, establish the human factors within budgetary controls, establish the process of budgetary control in public organizations, and determine the challenges affecting budgetary control. A descriptive survey design was used to gather data from the state corporation’s managers of the sampled state corporations. 14 corporations were selected from the 138 to participate in the study. Purposive sampling was used...
Words: 10747 - Pages: 43
...perform at all according to the terms of the agreement. Breach of contract is categorized as material or immaterial to determine the appropriate legal solution or remedy for the breach (Retures 2012). Compensatory damages put the non-breaching party in the position that they had been if the breach had not happened. Punitive damages are payments that the breaching parties have to pay. Above and beyond the point that would fully compensate the non –breaching party. Punitive damages are meant to punish a wrongful party for a wrongful act and is rarely is used for business contract settling. Specific performance is used when damages are inadequate as a legal remedy. The non – breaching party may seek an alternative remedy which is specific performance. Specific performance is known for describing as the breaching party court ordered performance of duty under the contract. Specific performance might be used as a remedy for breach of contract if the matter is rare or unique. Damages would not suffice to place the non-breaching party in as good a position as they would have been if the breach had not happened. Cancellation and Restitution the non-breaching party can cancel the contract and sue for restitution. If the non-breaching party have given a benefit to the breaching party restitution as a contract remedy means the non-breaching party is put back in the position it was before the breach. While cancellation...
Words: 496 - Pages: 2
...Organizational Theory, Design, and Change Jones 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/organizational-theory-d esign-and-change_18.html ----------------------------------------------------------------------Organizational Organizational Organizational Organizational Theory, Theory, Theory, Theory, Design, Design, Design, Design, and and and and Change Change Change Change Jones Jones Jones Jones 6th 6th 6th 6th Edition Edition Edition Edition Test Test Test Test Bank Bank Bank Bank -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Test Bank in e-version of the following book*** Name: Organizational Theory, Design, and Change Author: Jones Edition: 6th ISBN-10: 0136087310 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your...
Words: 29834 - Pages: 120
...http://www.solutionsmanualtb.com click it ,it has the list Introduction to governmental and not-for-profit accounting, 7/e martin ives terry k. Patton solutions manual and test bank Introduction to information systems 2e canadian ed rainer cegielski splettstoesser hogeterp sanchez rodriguez instructor manual Introduction to logic, 14e irving m. Copi solutions manual and test bank Introduction to managerial accounting 6e brewer garrison solutions manual and test bank introduction to organic and biochemistry, 8th edition solutions manual and test bank by frederick a. Bettelheim | william h. Brown introduction to personality toward an integrative science of the person 8e walter yuichi ayduk test bank introduction to research in education, 9th edition solutions manual and test bank by donald ary | lucy cheser jacobs | christine k. Sorensen | david a. Walker introduction to sociology, 11th edition solutions manual and test bank by henry l. Tischler Jones - essentials of contemporary management - 5e, solutions manual and test bank 0078029341 juvenile delinquency: the core, 5th edition solutions manual and test bank by larry j. Siegel | brandon c. Welsh irm and tb Kleppner's advertising procedure, 18/e ron lane karen king tom reichert solutions manual and test bank labor relations: striking a balance 4th edition by john budd solutions manual and test bank Machine elements in mechanical design, 4/e robert l. Mott solutions manual Macroeconomics 10e - slavin – solutions manual and test...
Words: 953 - Pages: 4
...Chapter 1 The Financial Manager and the Firm Learning Objectives 1. Identify the key financial decisions facing the financial manager of any business firm. 2. Identify the basic forms of business organization used in the United States, and review their respective strengths and weaknesses. 3. Describe the typical organization of the financial function in a large corporation. 4. Explain why maximizing the current value of the firm’s stock price is the appropriate goal for management. 5. Discuss how agency conflicts affect the goal of maximizing stockholder wealth. 6. Explain why ethics is an appropriate topic in the study of corporate finance. I. Chapter Outline 1.1 The Role of the Financial Manager A. It’s All about Cash Flows • The financial manager is responsible for making decisions that are in the best interest of the firm’s owners. • A firm generates cash flows by selling the goods and services produced by its productive assets and human capital. After meeting its obligations, the firm can pay the remaining cash, called residual cash flows, to the owners as a cash dividend, or it can keep the money and reinvest the cash in the business. • A firm is unprofitable when it fails to generate sufficient cash flows to pay operating expenses, creditors, and taxes. Firms that are unprofitable over time will be forced into bankruptcy by their creditors. In bankruptcy, the company will be reorganized, or the company’s...
Words: 7130 - Pages: 29
...a lot of the technology I work with as an example. A top of the line personal computer three years can't compete in terms of quality, performance, and features of one I could buy today. Poor quality impacts the ability of a company to compete. Poor quality drives up costs, both traditional and hidden costs. Traditional costs fall under the category of waste and customer returns for example. Hidden costs include categories like overtime, and handling customer complaints. An organization that has competition and that does not maintain quality, will lose the ability to compete. Here is kind of an odd example. We live in a tourist town of about 8,000 people. During the summer it swells to about 65,000 people. There is a restaurant that has poor service, the staff is not very friendly at all. There is such a large pool of people who need to come in and eat, and then they leave and new tourists come in like a revolving door. So, they have all the customers they can handle and they do not care about repeat business. So, they don't see a significant impact of poor quality - maybe on tips for the wait staff. If they had a limited customer base and had to compete for repeat business - poor quality in terms of services would have people going elsewhere. References Goetsch, A. L., & Davis, S. (2010). Quality management for organizational excellence: introduction to total quality. Sixth edition. Prentice Hall. What would the world be like without quality? What would...
Words: 1063 - Pages: 5
...Performance Measurement & Control | BHP Billiton & PotashCorp: Chinese distribution | Transfer Pricing | | Your Name | 1/17/2011 | | Contents Executive Summary 3 Introduction 4 Transfer Pricing 4 Transfer Pricing: Cost rates, dual rates & market prices 7 PotashCorp Transfer Pricing policy 9 Performance Management issues 12 Conclusions 14 References 15 Appendix 16 Executive Summary In the constantly improving transfer pricing laws of China and given the Chinese fertilizer market’s future potential, it is worth to enter the market with a BHP Billiton’s division established there. The planned imports from PotashCorp provide the possibility for the use of transfer pricing to improve tax efficiency and thus the benefit of the whole organization. If performance measurement tools are used, this may underestimate the performance of the division using most of the methods such as market price and dual cost. The cost plus method turns out to be more on the division’s side but as the Chinese prices are lower than that of the world, the conditions appear to be supporting the method as beneficial to the company as a whole while the division is able to generate revenues for company at a low tax. Performance measurement tools seem to be less beneficial for large divisions based organization, where differences in dynamics render the largely homogeneous performance measurement indicators unable to serve the intended purpose. Introduction ...
Words: 3832 - Pages: 16
...Name Professor’s Name The Course Number 5 November 2015 Organizational Profile Exercise for Your Organization According to (Kondalkar, 112), organization profile is a basis for self-evaluation or self-assessment. It refers to the influences of how an organization operates; it is a snapshot of your group (Wilson, 387). In this paper, I will analyze some exercises that are related to the organizational profile. A). Organizational Profile P. 1 Organizational Description My organization is a privately owned corporation. I am the chief executive officer though I am assisted by other functional managers and shop floor staff in running this organization. A).ORGANIZATIONAL ENVIRONMENT 1. Product/ Service Offerings. My organization will be a soft drinks manufacturing company. Therefore, the main products I will offer will be soft drinks and purified water. The importance of these products is that I will be able to penetrate the market as they are fast moving goods. Again I will highly differentiate my products with strong branding to ensure they stand out from competing products. 2. Mission, Vision and Values. The mission of my organization is to provide efficient and perfect products that meet the industry’s standards and that meet customers’ expectations. The vision for my company is to be the leading organization in the world in producing high-quality soft drinks at affordable rates. The values for my organization are respect, professionalism, integrity, open-minded...
Words: 1023 - Pages: 5
... Hints: European Union: European Union regulations are directly binding on all Member States without the need for national legislation to put them in place.European Union directives bind Member States to the objectives to be achieved within a certain time-limit, but leave national authorities to decide on how to implement them. Directives have to be implemented in national legislation. Government and EU influences on business activity UK national government as well as the European Union play a big part in influencing business activity today: through taxation and spending through laws, directives and regulations through encouraging business activity through subsidies and support by providing advice and support for business. Government influences on business activity 1. Employment policy: 2. Regional policy 3. Inflation policy 4. Education and training policy 5. Taxation policy 6. International policy 7. Establishing the 'rules of the game 4.1. Influence of the EU on industrial Democracy in the UK: Industrial democracy is an arrangement which involves workers making decisions, sharing responsibility and authority in the workplace. In some European countries the structures of Industrial Democracy have been in place for decades but the ideas behind Industrial Democracy do not fit in well with the more aggressive relationship that has existed between managers and unions in British companies. European legislation...
Words: 1330 - Pages: 6
...Internship Learning Plan Bina Nusantara University Student Information |Name: |DWI HUTOMO ENGLANDIANTO | |Binusian ID: |1601255895 | |Email: |dwihutomoenglandianto@gmail.com | |Phone: |081219107957 | |Address: |JALAN GEBANG SARI NO 7 RT/RW 001/03, BAMBU APUS, CIPAYUNG, JAKARTA TIMUR | |Study program/Program: |Accounting | |Faculty/School: |Economic and Communication | |Semester: |7 ...
Words: 329 - Pages: 2
...INTRODUCTION: This case is about cultural management and organizational structure and control. It reveals the challenges faced by Western managers in telling Eastern managers the need to improve their performance. The Firm is a consulting firm with locations all over the world. It provides a range of business advisory services including taxation and accounting audits and recovery and management consulting. Mr. Alfonso Farquar was recruited by the Firm to conduct a review of the performance of some of the Firm’s Asian practices. After review of this case there are many problems related to cross-cultural management and organizational structure and control. Had the Firm researched these cultural differences Farquar could have approached the review with more knowledge and the project could have been supported. ANALYSIS: In reviewing this case numerous problems are revealed; cross-cultural management and organizational structure and control. Alfonso Farquar was recruited by Mr. David Mossman to travel to Taiwan and India to review their practices and find reasons for their slow market growth. He was advised to transfer a “best practice” approach to Business development to the Asian practices. After completing his evaluations of the Asian practices he was to report his findings to Mr. Honeysuckle. Although Farquar had never traveled overseas, never met any of these executives and was excited about the opportunity, he failed to understand the cross-cultural differences...
Words: 648 - Pages: 3
... Riordan has an organizational structure that classifies it as a hybrid functional/divisional structure. The organization should move toward a matrix organizational structure to promote cohesiveness across the organization. Riordan will benefit from employing this type of organizational structure because it will give the company the flexibility it needs to continue growing, diversifying, and expanding. Some of the specific advantages of this type of organizational structure include improved ability to access resources across the functional and divisional units, faster decentralized decisions, increased communication and coordination across the business as well as better coordination on shared technologies across the organization. Riordan must ensure that managers adopt strong leadership roles. Managers as leaders must also ensure that all employees understand what role they play in achieving organizational goals and objectives and how important their contributions are to the success of the organization by focusing on establishing open communication. Leaders at Riordan will also be responsible for motivating employees as well as ensuring the effective allocation of resources. Managers may accomplish these goals by establishing reward systems that directly relate to performance, and by empowering employees as well as including them in the decision-making process while continuing to focus on total quality. This will enable the firm to establish an organizational culture that promotes...
Words: 574 - Pages: 3
